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"Physiocrat" was a term used in France during the French Revolution to describe the economic reformers who encouraged the government to simplify the tax system and remove the mercantilist constraints from the economy. An example of a mercantilist constraint is control on the price of grain which had been imposed to keep the cost of bread low. The physiocrats claimed that this interfered with the natural workings of the market. From that example, you get the idea that a physiocrat is an economic reformer who aims for a freer economy, like the French revolutionary aiming for more liberty and justice.
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The pros and cons of the mercantilism and physiocrats?
pros and cons about mercantilist and physiocrats
The pros and cons of physiocrats?
pros and cons of physiocrats
How were the physiocrats different from the mercantilists?
physiocrats focused on econimic reforms where as mecantilists focused on expoting more than importing
Who was the leader of the physiocrats?
francois quesnay
Who believes in laissez faire?
the physiocrats
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What were thinkers who looked for natural laws to explain economics called?
physiocrats
What were the Physiocrats and what economic policy did they argue for?
Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.
What government policy did Physiocrats support?
the government policy they support was natural laws.
What is the definition of physiocrats?
Physiocracy was an 18th century movement originating in France. Physiocrats were economists who believed the wealth of a nation is derived exclusively from land agriculture. Their most important contribution to economic theory was the emphasis on productive work.
Which is more effective mercantilism or physiocrats?
For me, it is the physiocrats which is effective, because it deals the importance and value of land agriculture and land development which is totally the main sort of living esp. In philippines.w/ out the agricultural products, we cannot live longer.
What is physiocrats?
A physiocrat is a member of a school of political economists founded in 18th century France and characterized chiefly by a belief that government policy should not interfere with the operation of natural economic laws and that land is the source of all wealth.
